{"component": "clause", "props": {"groups": [{"size": 10, "snippet": "During the Employment Term, Employee shall be eligible to participate in the PRTH Equity Incentive Plan, under the terms and conditions set forth in the PRTH Equity Incentive Plan. The Company and the Employee shall enter into a restricted stock unit (RSU) award agreement (the \u201cAward Agreement\u201d) pursuant to which the Employee receives the right to to earn up to Seven Hundred Fifty Thousand Dollars ($750,000) worth of Restricted Stock Units on each anniversary of his Hire Date with the Company (based on current market value of the Company\u2019s shares on each anniversary of his Hire Date) for the first five (5) years of Participant\u2019s employment with the Company as the Company\u2019s CFO, with each annual issuance of Restricted Stock Units subject to a two (2) year vesting schedule as set forth in the Award Agreement (such shares, the \u201cRestricted Stock Unit Award\u201d). Employee and the Company will negotiate in good faith to resolve and execute any applicable PRTH Equity Incentive Plan documents, including any applicable Restricted Stock Unit Award Agreements, within ninety (90) days of the execution of this Agreement. Any Restricted Stock Unit Award Agreement will be in substantially the form as that attached as Exhibit D. Notwithstanding the foregoing or anything in this Agreement or the PRTH Equity Incentive Plan to the contrary, the unvested portion of any outstanding Restricted Stock Unit award granted to Employee under the PRTH Equity Incentive Plan shall immediately and automatically become one-hundred percent (100%) vested upon the closing of any go-private transaction that causes all of the equity to cease to be publicly traded on Nasdaq or any other public stock exchange or in the event of a Change of Control of the Company. For purposes of this definition, a \u201cChange of Control\u201d shall have such meaning as defined in the Company\u2019s Credit and Guaranty Agreement with SunTrust Bank dated January 3, 2017, as amended from time to time (the \u201cSunTrust Agreement\u201d).", "samples": [{"hash": "bqdb67GLaa8", "uri": "/contracts/bqdb67GLaa8#equity-incentive", "label": "Executive Employment Agreement (Priority Technology Holdings, Inc.)", "score": 27.9828891754, "published": true}, {"hash": "1qR1KrCQrgs", "uri": "/contracts/1qR1KrCQrgs#equity-incentive", "label": "Executive Employment Agreement", "score": 24.1704311371, "published": true}], "snippet_links": [{"key": "during-the-employment-term", "type": "clause", "offset": [0, 26]}, {"key": "participate-in", "type": "definition", "offset": [58, 72]}, {"key": "equity-incentive-plan", "type": "definition", "offset": [82, 103]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [111, 135]}, {"key": "the-employee-shall", "type": "clause", "offset": [197, 215]}, {"key": "a-restricted-stock-unit", "type": "clause", "offset": [227, 250]}, {"key": "pursuant-to", "type": "definition", "offset": [297, 308]}, {"key": "right-to", "type": "definition", "offset": [341, 349]}, {"key": "hire-date", "type": "clause", "offset": [471, 480]}, {"key": "based-on", "type": "definition", "offset": [499, 507]}, {"key": "market-value-of-the-company", "type": "definition", "offset": [516, 543]}, {"key": "employment-with-the-company", "type": "clause", "offset": [637, 664]}, {"key": "issuance-of-restricted-stock-units", "type": "clause", "offset": [704, 738]}, {"key": "subject-to", "type": "clause", "offset": [739, 749]}, {"key": "vesting-schedule", "type": "definition", "offset": [765, 781]}, {"key": "the-award", "type": "clause", "offset": [798, 807]}, {"key": "the-company-will", "type": "clause", "offset": [881, 897]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [898, 921]}, {"key": "plan-documents", "type": "clause", "offset": [982, 996]}, {"key": "award-agreements", "type": "definition", "offset": [1045, 1061]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [1094, 1121]}, {"key": "restricted-stock-unit-award-agreement", "type": "definition", "offset": [1127, 1164]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1230, 1259]}, {"key": "agreement-or", "type": "definition", "offset": [1280, 1292]}, {"key": "unvested-portion", "type": "definition", "offset": [1345, 1361]}, {"key": "outstanding-restricted-stock", "type": "clause", "offset": [1369, 1397]}, {"key": "to-employee", "type": "clause", "offset": [1417, 1428]}, {"key": "upon-the-closing", "type": "clause", "offset": [1543, 1559]}, {"key": "private-transaction", "type": "definition", "offset": [1570, 1589]}, {"key": "publicly-traded", "type": "definition", "offset": [1635, 1650]}, {"key": "stock-exchange", "type": "definition", "offset": [1681, 1695]}, {"key": "a-change-of-control-of-the-company", "type": "clause", "offset": [1715, 1749]}, {"key": "for-purposes-of-this-definition", "type": "clause", "offset": [1751, 1782]}, {"key": "credit-and-guaranty-agreement", "type": "definition", "offset": [1858, 1887]}, {"key": "suntrust-bank", "type": "definition", "offset": [1893, 1906]}, {"key": "as-amended", "type": "definition", "offset": [1930, 1940]}, {"key": "from-time-to-time", "type": "clause", "offset": [1941, 1958]}, {"key": "suntrust-agreement", "type": "definition", "offset": [1965, 1983]}], "hash": "31f32a55eafdd236c4fd2f9ea91c1f72", "id": 3}, {"size": 8, "snippet": "The Executive\u2019s entitlement to Equity Incentive will be limited to those specifically described in the Company\u2019s Stock Incentive Plan and any applicable stock option and restricted stock agreements. [4] Other. 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The grant of any Equity Incentive is subject to Company\u2019s Compensation committee and Board of Directors\u2019 approval and the Executive\u2019s execution and performance of a Stock Option Grant Agreement.", "samples": [{"hash": "h9dd490hWMa", "uri": "/contracts/h9dd490hWMa#equity-incentive", "label": "Executive Employment Agreement (Glimpse Group, Inc.)", "score": 32.4496917725, "published": true}, {"hash": "aNRYtjqI9Jd", "uri": "/contracts/aNRYtjqI9Jd#equity-incentive", "label": "Executive Employment Agreement (Glimpse Group, Inc.)", "score": 32.4496917725, "published": true}, {"hash": "3mBokUOH4X1", "uri": "/contracts/3mBokUOH4X1#equity-incentive", "label": "Executive Employment Agreement (Glimpse Group, Inc.)", "score": 32.4496917725, "published": true}], "snippet_links": [{"key": "in-addition-to-the", "type": "clause", "offset": [0, 18]}, {"key": "in-accordance-with", "type": "clause", "offset": [51, 69]}, {"key": "exhibit-c", "type": "definition", "offset": [70, 79]}, {"key": "to-this-agreement", "type": "clause", "offset": [80, 97]}, {"key": "incorporated-by-reference", "type": "definition", "offset": [108, 133]}, {"key": "the-executive", "type": "clause", "offset": [135, 148]}, {"key": "to-receive", "type": "definition", "offset": [161, 171]}, {"key": "incentive-equity", "type": "definition", "offset": [180, 196]}, {"key": "stock-options", "type": "clause", "offset": [203, 216]}, {"key": "restricted-stock", "type": "definition", "offset": [218, 234]}, {"key": "of-the-company", "type": "clause", "offset": [242, 256]}, {"key": "terms-and-conditions-of-the", "type": "clause", "offset": [294, 321]}, {"key": "equity-incentive-plan", "type": "definition", "offset": [345, 366]}, {"key": "amended-and-restated", "type": "definition", "offset": [381, 401]}, {"key": "applicable-agreements", "type": "definition", "offset": [411, 432]}, {"key": "the-company-and-the", "type": "clause", "offset": [441, 460]}, {"key": "grant-of", "type": "definition", "offset": [476, 484]}, {"key": "to-company", "type": "clause", "offset": [517, 527]}, {"key": "compensation-committee", "type": "clause", "offset": [530, 552]}, {"key": "board-of-directors", "type": "clause", "offset": [557, 575]}, {"key": "execution-and-performance", "type": "clause", "offset": [606, 631]}, {"key": "stock-option-grant-agreement", "type": "definition", "offset": [637, 665]}], "hash": "a6101ac435cc4d1e884ca2d1e0a7d95b", "id": 9}, {"size": 6, "snippet": "You will be eligible to receive additional discretionary annual equity incentive grants in amounts commensurate with your position (\u201cAnnual Equity Grants\u201d). The Annual Equity Grants will be based upon meeting Company and individual performance metrics to be mutually agreed upon in writing annually. The Annual Equity Grants (i) will be subject to a 4-year vesting period, with 25% vesting at year one (1) and quarterly vesting thereafter for twelve (12) quarters, as well as any other terms and conditions contained in the grant agreements; and (ii) will expire and cease to be exercisable on the ten (10) year anniversary of the grant date. All shares received under the Annual Equity Grants shall immediately become fully vested and exercisable immediately prior to (and contingent upon) a Change In Control as defined in the 2017 Equity Incentive Plan. In addition, any unvested outstanding equity awards, including awards that would otherwise vest only upon satisfaction of performance criteria, shall accelerate and become vested and exercisable immediately prior to (and contingent upon) a Change In Control as defined in the operative Equity Incentive Plan.", "samples": [{"hash": "7hpi6eEZ3Ll", "uri": "/contracts/7hpi6eEZ3Ll#equity-incentive", "label": "Executive Employment Agreement", "score": 31.3408622742, "published": true}, {"hash": "l3BBxmF2Ukd", "uri": "/contracts/l3BBxmF2Ukd#equity-incentive", "label": "Executive Employment Agreement (Urovant Sciences Ltd.)", "score": 29.7091026306, "published": true}, {"hash": "ilXgYSx3MLW", "uri": "/contracts/ilXgYSx3MLW#equity-incentive", "label": "Executive Employment Agreement (Urovant Sciences Ltd.)", "score": 29.7091026306, "published": true}], "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [21, 31]}, {"key": "additional-discretionary", "type": "clause", "offset": [32, 56]}, {"key": "equity-incentive-grants", "type": "clause", "offset": [64, 87]}, {"key": "your-position", "type": "clause", "offset": [117, 130]}, {"key": "annual-equity-grants", "type": "clause", "offset": [133, 153]}, {"key": "the-annual", "type": "clause", "offset": [157, 167]}, {"key": "individual-performance-metrics", "type": "definition", "offset": [221, 251]}, {"key": "mutually-agreed", "type": "clause", "offset": [258, 273]}, {"key": "in-writing", "type": "clause", "offset": [279, 289]}, {"key": "subject-to", "type": "clause", "offset": [337, 347]}, {"key": "vesting-period", "type": "definition", "offset": [357, 371]}, {"key": "year-one", "type": "definition", "offset": [393, 401]}, {"key": "other-terms-and-conditions", "type": "clause", "offset": [480, 506]}, {"key": "contained-in", "type": "definition", "offset": [507, 519]}, {"key": "grant-agreements", "type": "clause", "offset": [524, 540]}, {"key": "grant-date", "type": "clause", "offset": [631, 641]}, {"key": "shares-received", "type": "clause", "offset": [647, 662]}, {"key": "vested-and-exercisable", "type": "clause", "offset": [725, 747]}, {"key": "prior-to", "type": "definition", "offset": [760, 768]}, {"key": "a-change-in-control", "type": "clause", "offset": [791, 810]}, {"key": "equity-incentive-plan", "type": "definition", "offset": [834, 855]}, {"key": "in-addition", "type": "clause", "offset": [857, 868]}, {"key": "outstanding-equity-awards", "type": "clause", "offset": [883, 908]}, {"key": "satisfaction-of-performance-criteria", "type": "clause", "offset": [963, 999]}, {"key": "the-operative", "type": "definition", "offset": [1129, 1142]}], "hash": "a1d486e0eaa6a5b2deb6acff09c6cbbf", "id": 6}, {"size": 6, "snippet": "Subject to the terms of any applicable agreement, [A] the Executive's Beneficiary may exercise any outstanding stock options that are then vested when the Executive dies and [B] those that would have been vested on the last day of the fiscal year during which the Executive dies if the Executive had not died.", "samples": [{"hash": "kk7dNGNEpX2", "uri": "/contracts/kk7dNGNEpX2#equity-incentive", "label": "Executive Employment Agreement (DSW Inc.)", "score": 16.0, "published": true}, {"hash": "gnOI9eujSjS", "uri": "/contracts/gnOI9eujSjS#equity-incentive", "label": "Employment Agreement (Retail Ventures Inc)", "score": 16.0, "published": true}, {"hash": "5UjllfIpetz", "uri": "/contracts/5UjllfIpetz#equity-incentive", "label": "Employment Agreement (DSW Inc.)", "score": 16.0, "published": true}], "snippet_links": [{"key": "terms-of", "type": "definition", "offset": [15, 23]}, {"key": "applicable-agreement", "type": "definition", "offset": [28, 48]}, {"key": "the-executive", "type": "clause", "offset": [54, 67]}, {"key": "outstanding-stock-options", "type": "definition", "offset": [99, 124]}, {"key": "day-of", "type": "clause", "offset": [224, 230]}, {"key": "fiscal-year", "type": "clause", "offset": [235, 246]}], "hash": "9e168d60176355f84228d70fd1b6ada6", "id": 7}, {"size": 5, "snippet": "During the Employment Term, Executive shall be eligible to be granted equity incentive awards during his employment on the same basis as other senior executive officers of Sun. Such equity incentive awards may include stock options and restricted units. Executive\u2019s eligibility, rights and entitlement to such equity incentive awards shall be governed by the applicable equity incentive plan, award agreement, award and/or grant.", "samples": [{"hash": "f0Lv1pBUdoz", "uri": "/contracts/f0Lv1pBUdoz#equity-incentive", "label": "Employment Agreement (Sun Healthcare Group Inc)", "score": 21.0, "published": true}, {"hash": "aGINu4DhtNP", "uri": "/contracts/aGINu4DhtNP#equity-incentive", "label": "Employment Agreement (Sun Healthcare Group Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "during-the-employment-term", "type": "clause", "offset": [0, 26]}, {"key": "equity-incentive-awards", "type": "definition", "offset": [70, 93]}, {"key": "on-the-same-basis", "type": "definition", "offset": [116, 133]}, {"key": "senior-executive-officers", "type": "definition", "offset": [143, 168]}, {"key": "restricted-units", "type": "definition", "offset": [236, 252]}, {"key": "entitlement-to", "type": "clause", "offset": [290, 304]}, {"key": "the-applicable", "type": "clause", "offset": [355, 369]}, {"key": "equity-incentive-plan", "type": "definition", "offset": [370, 391]}, {"key": "award-agreement", "type": "clause", "offset": [393, 408]}], "hash": "1b9352a9e6496f36fdf7f3bc08411b76", "id": 10}, {"size": 6, "snippet": "Upon the effectiveness of the merger, new Entegris will award you 75,000 shares of restricted stock in new Entegris. The restrictions will lapse with respect to 37.5% of this award on December 31, 2005; an additional 5.21% on the last business day of each of the twelve fiscal quarters of new Entegris following the closing of the Merger. Prior to the time that restrictions lapse, the restricted stock will be non-transferable and will be subject to the risk of forfeiture if your employment with new Entegris terminates. This award will be subject to the terms of the new Entegris standard restricted stock award agreement.", "samples": [{"hash": "h0gDQANTgvo", "uri": "/contracts/h0gDQANTgvo#equity-incentive", "label": "Letter Agreement (Mykrolis Corp)", "score": 19.0, "published": true}, {"hash": "jedElxME6gz", "uri": "/contracts/jedElxME6gz#equity-incentive", "label": "Letter Agreement (Mykrolis Corp)", "score": 17.0, "published": true}], "snippet_links": [{"key": "effectiveness-of-the-merger", "type": "clause", "offset": [9, 36]}, {"key": "shares-of-restricted-stock", "type": "definition", "offset": [73, 99]}, {"key": "the-restrictions", "type": "clause", "offset": [117, 133]}, {"key": "with-respect-to", "type": "clause", "offset": [145, 160]}, {"key": "on-december", "type": "clause", "offset": [181, 192]}, {"key": "an-additional", "type": "clause", "offset": [203, 216]}, {"key": "day-of", "type": "clause", "offset": [244, 250]}, {"key": "fiscal-quarters", "type": "definition", "offset": [270, 285]}, {"key": "the-closing-of-the-merger", "type": "clause", "offset": [312, 337]}, {"key": "prior-to-the", "type": "clause", "offset": [339, 351]}, {"key": "the-restricted-stock", "type": "clause", "offset": [382, 402]}, {"key": "risk-of-forfeiture", "type": "definition", "offset": [455, 473]}, {"key": "your-employment", "type": "clause", "offset": [477, 492]}, {"key": "terms-of-the", "type": "clause", "offset": [557, 569]}, {"key": "restricted-stock-award-agreement", "type": "clause", "offset": [592, 624]}], "hash": "6434fc47dcbdcc7db0ddae1feede8fc9", "id": 8}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhllcXVpdHktaW5jZW50aXZlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Equity Incentive", "size": 299, "children": [["stock-option", "Stock Option"], ["restricted-stock-award", "Restricted Stock Award"], ["initial-grant", "Initial Grant"], ["no-conflicts", "NO CONFLICTS"], ["accredited-investor", "ACCREDITED INVESTOR"]], "parents": [["compensation", "Compensation"], ["compensation-and-benefits", "Compensation and Benefits"], ["incentive-compensation", "Incentive Compensation"], ["compensation-benefits-and-related-matters", "Compensation Benefits and Related Matters"], ["compensation-benefits-and-expense-reimbursements", "Compensation Benefits and Expense Reimbursements"]], "id": "equity-incentive", "related": [["equity-incentives", "Equity Incentives", "<strong>Equity Incentives</strong>"], ["equity-incentive-plan", "Equity Incentive Plan", "<strong>Equity Incentive</strong> Plan"], ["equity-incentive-plans", "Equity Incentive Plans", "<strong>Equity Incentive</strong> Plans"], ["equity-incentive-awards", "Equity Incentive Awards", "<strong>Equity Incentive</strong> Awards"], ["equity-incentive-compensation", "Equity Incentive Compensation", "<strong>Equity Incentive</strong> Compensation"]], "related_snippets": [], "updated": "2026-03-21T05:46:19+00:00", "also_ask": ["What are the most negotiable terms in equity incentive clauses for founders and key employees?", "Which drafting elements are essential to prevent dilution or loss of control?", "What are the most common legal pitfalls or ambiguities that could render an equity incentive unenforceable?", "How do equity incentive structures differ across jurisdictions or under different corporate forms?", "What factors do courts consider when determining the enforceability of equity incentive agreements?"], "drafting_tip": "Specify eligibility criteria and vesting schedules to ensure clarity; define types of equity awards to prevent disputes; outline termination effects to avoid post-employment confusion.", "explanation": "An Equity Incentive clause establishes the terms under which employees, contractors, or other stakeholders may receive ownership interests in a company, typically in the form of stock options, restricted stock, or similar equity awards. This clause outlines eligibility, vesting schedules, and the types of equity instruments that may be granted, as well as any conditions or performance targets required to earn them. Its core practical function is to align the interests of recipients with those of the company by providing a financial stake in its success, thereby incentivizing performance and retention."}, "json": true, "cursor": ""}}